Charity registration number 1083642 (England and Wales} Company registration number 03709442 VISION 21 (GLOUCESTERSHIRE) LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
VISION 21 (GLOUCESTERSHIRE) LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees Martin Roy Hewett Gideon Capie Rowena Louise Kay Marlin John Fuller (Appoinled 10 June 20251 Secretary Martin Hewell Charity number {England and Wales) 1083642 Company numbèr 03709442 Registered offlce The Workshop Ma51house Lane Cheltenham Gloucestershire GL50 4EY Independent examiner BK Plus Limited 6 Manor Park Business Cenlre Mackenzi8 Way Chellenham Gloucestershire England GL51 gTX
VISION 21 (GLOUCESTERSHIRE) LTD CONTENTS Page Trustees, report Independenl examiner's report Stalemenl of financial activities Slalement of financial position Notes lo the financial statements 10-20
VISION 21 {GLOUCESTERSHIRE) LTD TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements for the year ended 31 March 2025. The financial 51atements have been prepared in accordance with the accounting policies set out in note 1 to the financial slalemenls and comply with the charily's governing document. the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charlties SORP "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" Objectives and activities Vision 21 Gloucestershire is a small, highly active charity with a will lo make Gloucestershire more sustainable by ommunicaling, co-operating and collaborating with any licit organisation. group or individual willing lo help us meet this desire. We were established in 1994 as a direct resull of Ihe 1992 Rio Earth Summit under the auspices of Agenda 21. Our work comprises a mixture of strategic and grass root level actions to draw communities together, making them more resilient and better able to cope in the result of a crisis. We act in an elhi¢al. equitable and honest manner. Since our inception. our publications, programmes, projects and events, have supplied community buoyancy by improving connectivity. nelAvorking, neighbourliness, integration and civic pride. We have been successful in raising public awareness of Global Warming, improving people's life chances, general health levels and the environment. In order lo maximise our impact. our projects are restricted to the Gloucestershire county boundary and we concentrate our energies and efforts on achieving the UN Suslainable Development Goals, in particular.. SDG 3 Good Health and Well-being SDG 11 Suslainable Cities and Communities SDG 12 Responsible Consumption SDG 13 Climate Action 10 13 14 11 GOALS The Charity's objects are lo: To provide local. voluntary opportunities for people to engage in community based environmental activities To educate and encourage the public, businesses and local authorities to become more sustainable Our mission is lo make Gloucestershire's communities sustainable and more robust to the effects of Climate Change. Public Benefit In planning the charity's activities for the year, the Trustees kept in mind the Charity Commission's guidance on public benefit. The focu5 of the charity's activities during the year. explains the delivery by the charity of public benefits and is set out under'objeclives and Aclivilies" above and "Achievements and Performance" below.
VISION 21 (GLOUCESTERSHIRE) LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and perfomianGe SignificAnf aclivilies and achievemenls against objeclivas Vision 21 (Glouceslershife) Ltd delivers community based environmenlal projects and aclivilies Ihal help make Gloucestershire's communities more sustainable. As such. Vision 21 is as much a social organisalion as il is an environmenlal one and, our inclusive approach ensures people on low incomes and BAME are not forgotten. We ' Act Locally but Think Globally and we aim to give everyone a greater understanding of sustainability issues to help change alliludes and behaviour regarding ihe environment and how we live. Our projects and aclivilies are calegorised as follows under the relevant SDG.. Sustslnable Develo ment Goal 3 Good Health and Wellbein l. Annecy Gardens This is a set of beds in a public park where the volunteers can leam how to grow vegetables. Any produce is then free for the public to lake once it is fipe. The projecl helps overcome social isolation and provides exercise 2. PrSors Park Edible Garden and Community Allotments Crèated from a piece of wasteland in an area of high density social housing. our garden eng8nd8rs communily spirit. It comprises a Small communily garden and 24 vegetable plots. A self-governing committee of residents manages the sile on the behalf of Vision 21. Sustainable Cities ustainable Develo ment Goal 11 1. Planted Community Café, Refillery and Community Hub Now in ils second year of operation. our community café and loose food refillery. is run with the help of a large team of volunteers and support from Charlton King5 Parish Council. Until our Ecohub buildin9 opens il will continue to serve as our office and hosl crafting sessions. 2. Regeneration and Repalr Cafes Our network of repair cafes continues lo grow. We now have 10 such cafes scattered around the county. Each usually meets once per morslh, bul schedules vary according lo season 3. Community Energy Advice and Thermal Imaglng We conlinuèd lo offer free energy advice and a domestic Ihermal imaging service, bul this operation changed al Ihe end of the financial year and it is now delivered by Suslainable Charllon Kings, volunteers 4. Carbon Cutting Operations We have small inveslmenls in community co-oper21ive wind and solar farms. Not only do these investments provide a return on our money, the profits generated are Lfsed by the co-operatives to improve the life chances and well-being of residents in the vicinity of the establishments. We use energy efficient lighting system in our furniture warehouse We purchase gas and electricity from 1 OOQfi Green suppliers. Our pension scheme invests in environmental funds. Reclaim uses route planners to work out oplirnal routes lo reduce milage An electric tricycle and bicycle are available for slaff use.
VISION 21 (GLOUCESTERSHIRE) LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Res onsible Consum tion Sustainable Develo ment Goal 12 1. Reclaim Furniture Re-use Scheme The Reclaim furnilure reuse scheme collects good qualily used furniture and Ihen sells il to people predominantly on low income. In this way we help lo develop householders, expectations and aspirations. 11 also ensures maximum use is gained from the embodied energy contained within the items. Our bulk waste operation helps reduce fly lipping and ensures fridges and fridge-freezers are appropriately degassed. Reclaim offers vocational training to volunteers and in parhcular. il reserves a number of placements for "hard to place" volunteers who often have issues concerning mental illness andlor drug andlor alcohol abuse and somè are ex-offenders. Volunteers work in our warehouse. workshop or as van crew, depending upon their skills and abilities. In relvrn, we offer them basic vocational training and a safe place in which they can improve their interpersonal skills and build self-esleem. We provide a reference and give encouragemenl for Ihem lo move on to more formalised training andlor paid employment. 2. Community Re-Paint Re¢laim is the Cheltenham agent for this national scheme. We offer unwanled and surplus painl to community groups, people on benefits and low income families. We collecl end of line and other surplus painl lo make available to community groups, community centres and people on low incomes for a nominal charge of £2.00 per lilre. 3. Cando We recycle Small amounts of metal chiefly aluminium. Copper and sleel. all of which are 100&/o recyclable and have lo be dug out of the ground and smelted al great expense in terms ofenergy use and of damage lo the environment via pollution, quarrying and Iransportalion. Cllma Actlon Sustsinable Oevelo ment Goal 13 Planet Cheltenham Publlc Awareness of the Planet Chellenham iniliative Continues lo gfow. Aclivilies include.. A Library of Things lin partnership with Gloucestershire County Council, and Charllon Kings Parish Coun¢ill that was featured on the BBC Midlands today programme A community Ffidge localed at the School House Café Climate Change Youth Group Climate Changemaker project Schools and other environmental outreach work. Future Flt Homes Future Fit Homes was a hugely successful peer learning initiative for 60 homes across Chellenham. This projèct culminated in a very successful event, which was run joinlly wilh Chellenham Borough Council on 81h February 2025, at Sl Philps & St James Church in Leckhamplon. It show-cased companies and organisalions enabling individuals to aller their houses and life-slyles and gave talks on adapting to a 5UStainable living. 11 was attended by over 700 visitors. Eco-Hub Having gained planning permission in 2024, a Contractor was appointed and the Construction of the Eco-Hub was officially launched on 5th March 2025. When complete the building will serve as the Wision 21 Office, as a space for running our community projects and as an exemplar of suslainable construction and lechnologies that can be applied to domeslic buildings.
VISION 21 (GLOUCESTERSHIRE) LTD TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 FinanGial review Investment policy The organisalion is non-profit making and any surplus income is either re-invested within the organisation lo enhance ils aclivilles and support ils projects or invested in green infrastructure proiecls that will yield a financial income lo further support our activities, e.g. co-operative windfarm and a solar panel farm. We have 10,000 shares in AWEL windfarm. 5,000 share5 in Gower Regeneration and 4,850 shares in Ihe Egni Co-op solar farms. Reseries pollcy The Tiuslees continue lo closely Teview the level of funding required by the Charity and lo lake the action appropriate lo generate Ihis funding. The Trustees consider Ihe present level of funding lo be sufficient to both lo support the Charity's principal a¢livilies over the coming year and. to survive adverse conditions. The Irading conditions for Reclaim are expected lo be lougher than ever, with other charities still active with Similar projects in our area and all seeking granls from similar funders. However. Reclaim continues lo be an anchor point and il retains an excellent reputation and links with the local agencies and community gfOUPS that support people in need. Plans for future periods To develop and Iri81 more activities al Planted. To explore Ihe possibilily of a Repairlcircular Economy partnership for Chellenham. Struclurei governance and management The charity is Gonlrolled by ils governing document. a deed of trust. Vision 21 {Gloucestershlre) is a registered charity and company limited by guarantee, a5 defined by the Companies Act 2006 and therefore has no share ¢apilal. In the evenl of the company being wound up and liabilities and winding up expenses being in excess of assets the liability of each member is limited lo £1. Our charitable slalus is based on the obiecls below. We are governed by Memorandum and Articles adopted in February 1999, updated by resolution at an Extraordinary General Meeting in October 2000 and by resolulion at a Board Meeting in January 2009. Further amendments to the con51ilulion, such as a funding lock. were introduced lo enable Vision 21 Gloucestershire lo become a registered Environmental Body with Entrusl and Ihese amendments were adopted al the 2016 AGM.
VISION 21 (GLOUCESTERSHIRE) LTD TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Organisational structure Trustees in 2024-25 Trustees are elected by the members al the Annual General Meeting or can be co-opted by the Board of Management during the year. They form Ihe Board of Management and meet al least 6 limes per year. Martin Hèwett Isecrelary and Chair) Martin is a Senior Chartered Structural engineer who works al an engineering consultancy engaged on a wide variety of buildings including the design of a number of low*nergy building projects. One of his aims is lo influence fellow professionals and Clients towards more sustainable construction practices and lo minimise Ihe use of new material. Brlan Sloan {Treasurerl Brian is a Chartered Management Accountant wilh extensive experience of working al director level in industry. He currently runs his own accountancy practice in Cheltenham. Gidèon Capie Gideon is currently manager of the European Funding Office at the University of Glouceslershire, with over 13 years, experience of European funding, project management (Prince 2 qualified) and financial management, and a150 freelance web design consultant with over 11 years, experience in IT. Rod Smlth Rod is a retired architect, having been a director of a local practice for many years. He has a keen inleresl in sustainable construction and has been involved in Ihe design of low energy buildings. Within Vision 21 Rod has tak8n on the responsibilities for our Health and Safely mallers. Peter Clegg Peter has spent most of his working life in the Compuler-Aided Electronic Design industry and Computer-Aided Electronic Manufacluring industry He has specialist experience of European training & lechnical support management of high value lime-to.markel erilical applications. He moved into European Sales & markeling management and for short periods lived and worked in Munich, Paris, Brussels and Moscow with extensiv8 business travel in the USA and Europe. Rowena Kay Rowena is a HR solicitor with Harrison Clark Rickerbys. Staff in 2024-2025 Dave Entwlstle- Chief Executive Officer IPT) Retired March 2025 Dave has an MBA, comes from a background of managing organisalions with environmental and conservation aims and is well versed in running community and volunteer groups. James Cooke- Chief Execullve Officer (PTI Appointed January 2025 James qualifications include, BEnglHons}, MRes, and MIMMM. He joins us from the Royal Minl where he has been the business development director, and introdUd an e-wasle refining business. He has a slrong track record in strategic planning, marketing and reorganisalion. Dave Twyning - Reclaim Manager After a long period of unemploymenl, Dave joined the project as a volunteer and he was later taken on as a full lime driver in October 2006. He has since progressed to become Reclaim Manager Tim Whittaker- Assistant Manager Tim is Vision 21,5 lon9esl continuing volunteer with over 25 years, service. He continues to volunteer but he is also engaged as a Part Time Assistant Manager Nilesh Patel . Driver Nilesh joined Reclaim as a volunteer driver immediately before Ihe Covid pandemic began and he was taken on as a member of staff shortly after the lockdowns ended.
VISION 21 (GLOUCESTERSHIRE) LTD TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Dave Cooper- Driver Prior to his employment as a driver, Dave held a voluntary role as Chair of the Priors Park Edible Garden Project in Tewkesbury. Rebecca Sillence- Project Manager Rebecca has a varied employment background. from former Flood Officer, Library Assistanl and author. she is a well experienced Communications Officer. Related partlès The company has no subsidiary undertakings or direct relationships with other organisations. As part of a Green Inveslmenl Strategy, we have a £10,000 share in the AWEL Co-op Windfarm in addition to a £5,000 share in the Gower Regeneralion solar farm, and a £5.000 share in the Egni Co-op for th8 inslallalion of solar panels on community housing and buildings. Risk management The Trustees have a duly lo identify and review the risks to which the charity is exposed and to ènsure appropriate controls are in place lo provide reasonable assurance against fraud and error. Statement of Trustees, Responsibllity The Iruslees, who are also the directors of Vision 21 {Gloucesler5hirel Ltd for the purpose of company law, are responsible for preparing the Trustees, Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted AccouT)ting Praclicel. Company law requires the Iruslees to prepare financial slalements for each financial year whi¢h giv8 a true and fair view of the slatè of affairs of the ¢harily and of the incoming resources and application of resources, including the income and expendilure, of the charitable company for Ihal year. In preparing these financial statements, the trustees are required lo.. sele¢l suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP.. make judgements and eslimales that are reasonable and prudent.. and prepare the financial statements on the going concern basis unless il is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records Ihal disclose with reasonabl& accuracy al any lime the financial position of the charity and enable them lo ensure thal the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of Ihe charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularilies. The trustees, report was approved by the Board of Trustees. Martin Roy Trustee ewelt l (p. le.gs
VISION 21 (GLOUCESTERSHIRE) LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF VISION 21 {GLOUCESTERSHIRE) LTD I report lo the trustees on my examination of the financial statemenls of Vision 21 (Gloucestershire) Ltd (the charity) for the year ended 31 March 2025. Responsibilities and basis of report As the Ifustees of the charity (and also ils directors for the purposes of company law), you are responsible for the preparation of the financAal statemenls in accordance with the requirements of Ihe Companies Act 2006. Having satisfied myself Ihal the financial statements of the charity are not required lo be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial slalemenls carried out under section 145 of the Charities Acl 2011. In carrying out my examination I have followed the Difeclions given by the Charity Commission under soclion 145{5}{b) of the Charities Act 2011. Independent examiner's statement Since the charily's gross income exceeded £250.000. Ihe independent examiner musl be a member of a body listed in section 145 of the Charities Act 2011. 1 confirm Ihat l am qualified to undertake the examination because l am a member of the Inslilute of Chartered Accountants in England and Wales. which is one of the listed bodies. I have completed my examination. l confirm Ihal no mallers have come lo my attention in connection wilh the examination giving me cause to believe that in any malerial respect.. accounting records were not kepl in iespecl of the charily as required by section 386 of the Companies Act 2006. the financial statements do nol accord with Ihose records., or the financial slalemenls do nol comply with the accounling requirements of section 396 of the Companies Act 2006 other than any requirement Ihal the financial stalemenls give a true and fair view. which is not a matter considered as part of an independenl examination: or the financial stalemenls have not been prepared in accordance with the methods and principles of the Slalemenl of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial stalemenls in accordance with the Financial Reportin9 Standard applicable in the UK and Repub1i¢ of Ireland (FRS 102). I have no concerns and have come across no olher matters in connection with the examination lo which allenlion should be drawn in Ihis report in order lo enable a proper understanding of the financial slalemenls to be reached. Cinzia Hensley FCA Institute of Chartered Accounlanls England and Wales BK Plus Limited 6 Manor Park Business Cenlre Mackenzie Way Chellènham Gloucestershire GL519TX England Dale.. I.1?.as
VISION 21 (GLOUCESTERSHIRE) LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unr•slrlclgd funds Restrlcted lunds Total Unt•strlcted funds 2024 Restrlcled fund5 Total 2025 2025 2025 2024 2024 Notes Income from: Donations and legacies Charitable activities Other tT2ding aclivities Inveslmenls 9,624 11,300 199,202 5,409 16.887 103.667 32,583 26,511 114,967 231.785 5,409 6,278 852 159,881 4,736 26,323 63,703 27,034 32,601 64,555 186,915 4,736 Total income 225,535 153,137 378.672 171.747 117,060 288.807 Expendlture on: Raising funds Charitable activities Other expendilure 900 247,965 2,285 900 306.782 2,285 3,641 220,223 3,641 287,200 58,817 66,977 12 Total expendlture 251,150 58.817 309,967 223,864 66,977 290,841 Net Incomel{expenditure} (25,615) 94,320 68.705 (52,117) 50,083 (2,034) Transfers beeen funds 37.227 (37,227) 42.000 (42.000) Net movement in funds 11,612 57,093 68,705 (10,1171 8,083 (2,034) Recon¢lliatlon of funds: Fund balances al 1 April 2024 78,035 133,500 211.535 88.152 125,417 213,569 Fund balances at 31 March 2025 89.647 190.593 280,240 78,035 133.500 211,535
VISION 21 (GLOUCESTERSHIRE) LTD STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025 202S 2024 Notes Fixed assets Tangible assets Investments 14 15 121,718 18,593 127,846 19,046 140,311 146,892 Currènt assets stocks Debtors Cash at bank and in hand 16 17 7.445 17,355 232,438 7,445 18,098 149,175 257.238 174,718 Creditors: amounts falling due within one year 18 1117,309) (110,075) Net current assets 139,929 64,643 Total assets less current liabilltles 280.240 211,535 The funds of the charity Restricted funds Unrestricted funds 19 20 190,593 89,647 133,500 78.035 280.240 211,535 The company is enlilled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025. The directors acknowledge their responsibilities for complyin9 wilh the requirements of the Companies Act 2008 with respect to a¢¢ounting records and the preparation of financial statements. The members have not required the Company lo obtain an audit of ils financial slatemenls for the year in question in accordance wilh seclion 476. These financial slatemenls have been prepared in acrdance with the provisions applicable to companies subject lo the small companies regime. The financial statements were approved by the trustees on Martin Roy Hewell Trustee Company registration number 03709442 {England and Wale5)
VISION 21 (GLOUCESTERSHIRE) LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity information Vision 21 {Glouceslershire) Ltd is a private company limiled by guarantee incorporated in England and Wales. The registered office is The Workshop. Mallhouse Lane. Chellenham. Gloucesler5hire, GL50 4EY. 1.1 Basis of preparation The financial slalemenls have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Chafilies.. Statement of Recommended Practice applicable to charities preparing their accounts in accofdance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" The charity is a Public Benefit Entity as defined by FRS 102. The financial slalem8nts are prepared in sterling. which 15 Ihe functional currency of the charity. Monetary amounts In these financial statements are rounded lo the nearest £. The financial slalements have been prepared under Ihe hislorical cost convention, Imodified lo include the reva5ualion of freehold properties and lo include investment properties and certain financial instruments at fair valuel. The principal accountin9 policies adopted are set out below. 1.2 Going concern At the time of approving Ihe financial statements, the trustees have a reasonable expectation that the charlty has adequate resources to continue in operalional existence for the foreseeable futur&. Thus the Irustees continue lo adopt the going concern basis of accounting in preparing the financial slatements. 1.3 Charitable funds Unrestiicled funds Can be used in accordance with the charilable objectives al the discretion of the truslees. Reslricled funds can only be used for particular reslricled purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund Is included in the notes lo the financial statements. 1.4 Income All income is recognised in the Statement of Financial Aclivilies once thè charity has entitlement lo Ihe funds, il is probable that the income will be received and the amount can be measured reliably. Voluntary income, including grants and donations, are recognised on receipt. Trading income is recognised al the point of sale. 1.6 Expendlture Liabilities are recognised as expenditure as soon as there is a legal or conslruclive obligation commilling the charily lo that expenditure, il is probable thal a transfer of economic benefi15 will be required in selllemenl and the amount of Ihe obligation can be measured reliably. Expenditure is accounted for on an accrua15 basis and has been classified under headings Ihat aggregate all Gosl related lo the calegory. Where costs cannol be directly atlributed lo particular headings they have been alloGated to activitie5 on a basis consistent with Ihe use of resources. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, nel of deprecialion and any impairment losses. 10-
VISION 21 (GLOUCESTERSHIRE) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {Contlnuedl Depreciation is recognised so a5 to write off the cost or valuation of assets less their residual values over their useful lives on the followit)g bases.. Freehold land and buildings FixlLtres and fillings Motor vehicles 2 /0 on cost 250/0 on reducing balance 250/0 on reducing balance The gain or loss arising on the disposal of an asset is determined as the difference belween the sale proceeds and the carrying value of the asset, and is recognised in the slatemenl of financial aclivilies. 1.7 Stocks Stocks are valued al Ihe lower of cosl and net realisable value, after makit)g due allowance for obsolete and slow moving items. 1.8 Retlrement benefits The charitable Mmpany operates a defined contribution pension scheme. Contributions payable lo the harilable company's pension scheme are charged to the Statemenl of Financial Activities in Ihe period lo which they relate. Income from donatlons and le9aGies Unre5trl¢tèd funds Re$lrlcted funds Total Unr05trlcted lunds Roslrlcted fund5 Total 2025 2025 202S 2024 2024 2024 Donations Commissions 8.945 679 16,887 25.832 679 6,278 26,240 83 32,518 83 9,624 16.887 26.511 6.278 26.323 32,601 Income from charitable activilies UnTe8trlctod lund8 Restrleted lund$ 2025 Total Unrostrlctgd funds Restrlcted funds Total 2025 2025 2024 2024 2024 Grants 11.300 103,667 114,967 852 63,703 64,555 11
VISION 21 (GLOUCESTERSHIRE) LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from charitsble actlvities {Continued) Grants analysis Toial 2025 Total 2024 Cheltenham Wesl End Partnership Garfield Weston Charllon Kings Town Paiish Hubub Foundation Nature Hubs The Rowlands Trust Gloucestershire County Council Transition Network A Tibbs Gloucestershire Wildlife Trusl Chellenham Borough Council NGED The Mid¢ounties Co Community Grant 60,000 25,000 9,000 5,500 5,000 2,800 2.744 2.126 1,920 877 7.100 29,300 25,000 2,655 50Q 114,967 64,555 Income from other tradlng activities Unreslrl¢l•d funds 2025 R88trlclgd funds Total unltrIcted fund8 R95trlct8d fund5 Total 2025 2025 2024 2024 2024 Tenant rental & seNice charge Project income Furniture sales Bulky Colleclions Recycling Credits Incomè from scrap metal Cafe income 1,000 25,115 815 1,000 25,115 86,498 65,130 5,452 1,905 1,815 500 83,819 85,443 5,620 2.244 21,576 32.583 33,083 83,819 85,443 5,620 2,244 21.576 85,683 65,130 5,348 1,905 1.815 104 Other trading activities 199,202 32.583 231.785 159,881 27,034 186,915 12-
VISION 21 (GLOUCESTERSHIRE) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from investments Unre81iicted funds Unrg$lrl¢l&d funds 2025 2024 Dividends Bank inlerest on deposits 793 4,616 930 3,806 5,409 4,738 Expenditure on raising funds Unroslrl¢tèd funds UnrtrICted fund# 2025 2024 Raising donations and legacies Fundraising costs 900 3.641 13-
VISION 21 (GLOUCESTERSHIRE) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable activltles Total 2025 Total 2024 Direct costs Staff costs Depreciation Rent & rates Insurance Light & heat Office costs Advertising Sundries Housekeeping Information technology Meeting expenses Salety equipment Staff travel & expenses Subscriptions & membership Motor expenses Volunteefs expenses Repairs & renewals Project expensès Debil card machine costs Trade goods 148,339 8,773 55.692 4,815 5,993 4,343 607 1,130 264 541 187 1,798 583 855 12,930 4,995 11,886 24,146 2,862 6,928 153,086 10,137 46,736 2,888 2,090 2,226 1,529 1,603 263 1,121 339 1,480 4,105 242 14,366 3,681 5,910 23,207 4,291 709 297,667 279,809 Share of support and governance costs (see note 8) Support 9,115 7,391 308,782 287,200 Analysis by fund Unrestricted funds Restricted funds 247,965 58,817 220.223 66.977 306,782 287,200 Rent & rates includes a provision of £108,000 for addilional rent charges for the period from August 2019 10 March 2025. which are currently under negotiation with Ihe landlord. 14-
VISION 21 (GLOUCESTERSHIRE) LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allocated lo activlties 2025 2024 Governance costs 9.115 7,391 Analysed bel)Neen'. Accountancy and legal fees 9.115 7,391 Net movement in funds 2025 2024 The net movem8nl in funds is staled after chargingllcrediling): Deprecialion of owned tangible fixed assels Loss on disposal of tangible fixed assets 8.773 2,285 10,137 10 Trustees There were no Iru5tees' remuneration or other benefits for Ihe year ended 31 March 2025 nor foT Ihe year ended 31 March 2024. Trustees. expenses Thère were no Iruslees. expenses paid for the year ended 31 March 2025 nor for Ihe year ended 31 March 2024. 11 Employees The average monthly number of employees during Ihe year was.. 2025 Number 2024 Number There were no employees whose annual remuneration was more than £60,000. 12 Other expenditure Unr951rl¢ted funds Unr•strlctgd funds 202S 2024 Net loss on disposal of tangible fixed assels 2,285 13 Taxation The charity is exempt from taxation on its aclivilies because all ils income is applied for ch8rilable purposes. 15-
VISION 21 (GLOUCESTERSHIRE) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Tangibl8 fixed assets Freehold land Flxlure5 and and buildings tittlllgs Motor vehicles Total Cost At 1 April 2024 Addilions Disposals 104,172 4.930 16,643 44,069 164,884 4,930 {11,833> (10,153) {1,680) At 31 March 2025 109,102 6,490 42,389 157,981 Depreciation and impairment Al 1 April 2024 Deprecialion charged in the year Eliminated in respect of disposals 5.378 2,100 9,484 1,443 (8,7851 22.176 5,230 {7631 37,038 8.773 (9,5481 Al 31 March 2025 7.478 2,142 26,643 36,263 Carrying amount At 31 March 2025 101.624 4.348 15,746 121,718 Al 31 March 2024 98.794 7.159 21,893 127,846 16 Fixed asset investments Unlisted Investments Cost or valuation Al 1 April 2024 & 31 March 2025 19,046 Impalrment At 1 April 2024 Disposals 453 At 31 March 2025 453 Carrying amount At 31 March 2025 18,593 At 31 March 2024 19,046 There were no investment assets outside the UK. 16-
VISION 21 (GLOUCESTERSHIRE) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Stocks 2025 2024 Stocks 7,445 7,445 17 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 14,664 1,053 1,638 12,245 4,215 1,638 17,355 18,098 18 Credltor$: amounts falling due within one year 2025 2024 other laxalion and social security Trade credilofs Other creditors Accruals and deferred income 570 8.740 15,276 4,800 89,999 107,999 117,309 110,075 17-
VISION 21 (GLOUCESTERSHIRE) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 19 Restrtcted funds The rèstricled funds of the charily comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors a5 to how they may be used. At 1 April 2024 Incoming resources Resources expended Transfers At 31 Mar¢h 2025 14,376 104.137 83 5.O¢JO 14,378 180,669 2,959 EcoHub Building EcoHub Project Planted Cafe Other Reslricled Library of Things Sustainable Transport Reclaim Team Building Chell Zero Hubub Fovndalion RetrofiUFuture Fil Homes 82.312 4,620 1850) (1.744) 15.000) 14,930) 18.296 1,270 <18,296) (1.928) (2.1261 (2.182) {10,6101 (4,2901 130,0871 (658) 12,126) 12,750) (568) 27.570 (2,959) {14,0011 (4,290) 2,413 32.500 133,500 153,137 {58,817} (37,227} 190,593 PrevSous year: At 1 Aprll 2023 Incoming resources Resources expended Transfers At 31 March 2024 EcoHub Building EcoHub Project Other Reslricled Library of Things Reclaim Team Building Chell Zero 24,091 12,656 72,403 61,664 {2,063} 12.067 4,000 1,604 39,788 (23) (5,973) {27.594) 12.730) (2,172) (28,485) (3,420) 82,312 4,620 18,298 1,270 {568) 27,570 {38,580) 16,267 125.417 117,060 (66.977) {42,000) 133,500 18-
VISION 21 (GLOUCESTERSHIRE) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 Restricted funds {Contlnued} Library of Things Project Resource and Procurement of Library items. Sustainable Transport Procurement of Sustainable transport and modifications. Reclaim Team Bullding Team Away days. Chelt Zero Project Resource and equipment. Hubub Foundation New equipment forAnnecy Garden. Retrofit Homes Project Resource, Marketing and equipment. EcoHub Bulldlng CAPEX cosls of the physical building of the New EcoHub. EcoHub Project Projecl Resource for projects relaling to the new EcoHub. Planted Cafe Contribution to running cosls and rent. Other Restricted Project Resouice costs. 20 Unrestricted funds The unrestricted funds of the charity comprise Ihe unexpended balances of donalions and grants which are not subje¢t lo specific conditions by donors and grantors as lo how they may be used. These include designated funds which have been set aside out of unrestricted funds by the Iru5tees for speclfic purposes. At 1 April 2024 Incoming sources Resour¢e$ expended Transfers At 31 March 2025 General funds 78,035 225,535 1251,150) 37,227 89.647 Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 Mar¢h 2024 General funds 88.152 171.747 (223.864) 42,000 78.035 19-
VISION 21 (GLOUCESTERSHIRE) LTD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Unrestricted funds {Continuedl Transfers belmteen funds Transfers are made between restricled and unrestricted fund5 al Ihe end of every accounting period in cases where:_ i) the activity of the reslricled fund has come lo an end and thefe is an unspent balance that is nol repayable to the fund@rlsl, when the surplus is transferred lo unreslricled funds: or ill the restricted fund is in deficit and has either come to an end or there is no prospect of a surplus in a later period, when the deficit is eliminated by iransfer from unreslricled funds., or iii) incomè that is received in the r8slricled fund Govers in part some of the costs in the unresliicled funds. 21 Related party transactions There were no disclosable related party transactions during the yoar (2024 - none). -20-